Chiliz Group has announced the launch of the new non-custodial Socios.com Wallet. Now, the 2.3 million users will be able to have full control of their Fan Tokens and direct access to the Chiliz ecosystem. The launch is planned in multiple phases, starting with the essential features.
Summary
Chiliz and the launch of Wallet Socios.com: users now have full control of the Fan Token
Chiliz Group has announced the launch of the new Wallet Socios.com, dedicated to its 2.3 million users to have complete control of their Fan Token.
“Launch of the Socios wallet @Socios – the home of Fan Engagement and rewards for the biggest teams in the world – has launched its non-custodial Web3 wallet for Chiliz Chain. Subsequently, Socios will launch a dApp browser that will allow access to many other sports dApps on Chiliz Chain.”
In practice, the new Socios.com Wallet is non-custodial and will be launched gradually, starting with the essential features. Subsequently, there will be other phases with the dApp browser and advanced functions such as staking and extended support for the available tokens.
In addition to obtaining complete control over their Fan Token, users will have direct access to the Chiliz ecosystem, all conveniently from their smartphone. On the other hand, developers of dApps on Chiliz Chain also benefit from the new Socios.com Wallet.
Chiliz and the new Socios.com Wallet: the benefits for users and developers
As anticipated, the new Socios.com Wallet will be launched in phases. When the integration of a browser is available, for example, users will also be able to easily access decentralized applications (dApp) created on Chiliz Chain.
Among others, users of Wallet Socios.com will be able to access fantasy sports games dApps, sports prediction platforms, crosschain bridging tools, and DEX, with new dApps that will be continuously added to the expanding library.
On the other hand, developers will also have the opportunity to create new dApps on Chiliz Chain, so that with Wallet Socios.com they can easily meet the user base.
In this regard, Alexandre Dreyfus, CEO of Chiliz, stated:
“The integration of the Socios.com wallet into the ecosystem represents a fundamental step to enrich the fan experiences throughout the Chiliz Chain environment. With this update, we are unlocking new possibilities for Fan Tokens, both for users and developers. Users will have full control over their assets and will be able to interact natively with any application in the library. The entire Chiliz ecosystem at your smartphone’s reach”.
The Chiliz Sports project and the price of CHZ
Chiliz seems to be in continuous evolution. The current Socios.com Wallet arrives after last September, Chiliz Group had launched the “Chiliz Sports” project. It is the independent division that promotes synergies and business opportunities for brands in the sports and technology sector.
In practice, Chiliz Sports is the result of the sports evolution of the two platforms: the sports Socios.com and the blockchain Chiliz Chain (CHZ).
On one hand, Socios.com was launched in 2018 with the NFTs that over time have become a tool for engagement and monetization for sports fans. On the other hand, there is Chiliz Chain which was launched only in 2023, hosting the growing ecosystem of over 150 brands and organizations among sports, crypto, and more.
In any case, returning to today, the news of the new Socios.com Wallet seems to be appreciated by crypto investors, with the price of CHZ recording a pump of +3.85% in the last 24 hours.
CHZ has also ridden the crypto rally, with the price going from $0.060 on November 6, 2024, to $0.074 at the time of writing. However, this price is still far from the all-time high of CHZ for this current year, which was $0.16 reached in March 2024.
